LiqTech International (NASDAQ:LIQT) Shares Down 1.1% – Should You Sell?

Shares of LiqTech International, Inc. (NASDAQ:LIQT) were down 1.1% during mid-day trading on Tuesday . The company traded as low as $0.6322 and last traded at $0.6423. 230,486 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 285,042 shares. The stock had previously closed at $0.6496.

Analysts Set New Price Targets

LIQT has been the topic of a number of analyst reports. Zacks Research downgraded LiqTech International from a “hold” rating to a “strong sell” rating in a research report on Friday. Ascendiant Capital Markets raised their target price on LiqTech International from $4.30 to $4.40 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings upgraded LiqTech International from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $4.40.

LiqTech International Stock Performance

The firm’s 50 day moving average price is $1.08 and its two-hundred day moving average price is $1.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.35 and a current ratio of 2.50. The firm has a market cap of $6.39 million, a PE ratio of -0.70 and a beta of 1.03.

LiqTech International (NASDAQ:LIQT) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07). LiqTech International had a negative return on equity of 79.64% and a negative net margin of 55.45%.The firm had revenue of $4.14 million for the quarter, compared to analyst estimates of $4.50 million. On average, research analysts forecast that LiqTech International, Inc. will post -0.79 earnings per share for the current year.

Insider Buying and Selling

In other LiqTech International news, major shareholder Lp Bleichroeder bought 700,000 shares of LiqTech International stock in a transaction on Friday, June 5th. The shares were bought at an average price of $1.00 per share, for a total transaction of $700,000.00. Following the completion of the transaction, the insider directly owned 3,882,239 shares of the company’s stock, valued at $3,882,239. This trade represents a 22.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 12.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LiqTech International

An institutional investor recently bought a new stake in LiqTech International stock. StoneX Group Inc. acquired a new stake in LiqTech International, Inc. (NASDAQ:LIQT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 28,788 shares of the company’s stock, valued at approximately $42,000. StoneX Group Inc. owned 0.30% of LiqTech International at the end of the most recent quarter. 35.06% of the stock is currently owned by institutional investors and hedge funds.

LiqTech International Company Profile

LiqTech International, Inc develops and manufactures advanced ceramic filtration systems that leverage proprietary silicon carbide (SiC) membranes to remove particulates and hydrophobic contaminants from a variety of fluid streams. The company’s core products include tubular ceramic membrane modules and complete filtration skids designed for applications where high chemical resistance, thermal stability and mechanical strength are required.

Their filtration solutions are utilized across multiple industries, including municipal and industrial water treatment, desalination pretreatment, produced water management in oil and gas operations, and process water recycling in power generation and chemical processing.